Published: 2026-05-18T01:33:48.000Z
Chart EUR/USD Update: Extending losses
-
Weak start see prices extending Friday's break of strong support at 1.1655 and 1.1640 to reach towards 1.1600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1750 | * | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1700 | * | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1655 | ** | 30 Apr low | S3 | 1.1500 | * | congestion | |
| R1 | 1.1640 | 23 Mar high | S4 | 1.1500 | ** | congestion |
Asterisk denotes strength of level
01:30 GMT - Weak start see prices extending Friday's break of strong support at 1.1655 and 1.1640 to reach towards 1.1600 level. Would expect consolidation here but negative daily and weekly studies suggest scope for break to further retrace the March/April gains. Lower will see room for extension to support at the 1.1550 congestion and 1.1500 level. Meanwhile, resistance is lowered to the 1.1640/55 previous support which is expected to cap. Regaining this needed to ease the downside pressure and revive upside focus and return focus to the 1.1750/1.1800 resistance.